Wunderlich Securities said, "After two days marketing with IntraLinks' (IL) management on the East Coast, we were impressed by the clear shift in investor sentiment that has begun. Interest is more focused on strategy and growth prospects under new leadership than on rehashing past setbacks. Noting its recent ability to upside quarterly forecasts by $2-$4 million, the narrow 4Q12 forecast decline (sub-$2 million) offers potential for a move to new revenue highs in 4Q12 itself. If early signals of a return to growth are confirmed as we expect, valuation upside could be sharp. We reiterate our Buy rating and $17 price target which, while well disconnected from current trading levels, only applies a 4x revenue multiple to our year out forecast."